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OMB nominee Russ Vought pledges to divest from Bitcoin upon confirmation

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A newly released financial disclosure for Russell Vought, President-elect Donald Trump’s nominee to run the Office of Management and Budget, shows he has both Bitcoin and college savings plans among his assets.

Vought, a prominent contributor to the Heritage Foundation’s Project 2025 who led the powerful office during the first Trump administration, is on track to lead the agency a second time around in reviewing federal regulations and developing the president’s budget.

He lists Bitcoin valuing between $1,001 and $15,000 among his assets, but he has pledged to get rid of them “as soon as practical but not later than 90 days after my confirmation,” according to a letter addressed to the OMB’s alternate designated agency ethics official, Laurie E. Adams.

In addition to his $542,204 salary from the conservative think tank he founded, the Center for Renewing America, and it’s advocacy arm, Citizens for Renewing America, Vought reported more than $5,000 in income from the Republican National Committee for preparing the party’s policy platform for the 2024 Republican National Convention.

He has two 529 education investment accounts each worth $50,001 to $100,000. He has 401k and 403b retirement accounts sponsored by his former employers, but Heritage and Center for Renewing America won’t be paying into the accounts any longer. He’s also invested in more than a half-dozen index funds.

Vought earned honorariums from Hillsdale College and American Global strategies for $4,000 and $5,000 each, along with a $500 payment for an article published in World Magazine titled “Taking on the Military Caste” about Sen. Tommy Tuberville’s battle against the Pentagon over abortion.

He has also pledged to resign his positions with both Center and Citizens for Renewing America and his role at America First Legal upon his confirmation, though he did not report income from the conservative nonprofit group.

Vought will appear before the Senate Homeland Security and Governmental Affairs Committee on Jan. 15 for his first confirmation hearing. He will also testify before the Senate Budget Committee, but that hearing is not yet scheduled.

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Congress

White House declares $4.9B in foreign aid unilaterally canceled in end-run around Congress’ funding power

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The White House budget office said Friday morning that President Donald Trump has canceled $4.9 billion in foreign aid by using a so-called pocket rescission — furthering the administration’s assault on Congress’ funding prerogatives.

The move raises tensions on Capitol Hill as lawmakers face an Oct. 1 deadline to avoid a government shutdown. Many lawmakers from both parties, as well as Congress’ top watchdog, view the maneuver as an illegal end-run around their “power of the purse.”

The Trump administration boldly embraced the strategy on Friday. “Congress can choose to vote to rescind or continue the funds — it doesn’t matter,” an official from the White House budget office said in a statement. “This approach is rare but not unprecedented.”

The White House is allowed to send Congress a clawbacks request and then withhold the cash for 45 days while lawmakers consider whether to approve, reject or ignore the proposal. Because there are less than 45 days left before the end of the fiscal year, Trump’s top budget officials — led by budget chief Russ Vought — argue that they can employ the so-called pocket rescission to withhold the funding until it lapses at month’s end, ensuring its cancellation regardless of what Congress decides.

The pocket rescission request was first reported by the New York Post.

Meredith Lee Hill contributed to this report.

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Bondi, Patel to testify before Congress amid Epstein fallout

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Two top Justice Department officials are expected to testify before the House Judiciary Committee in the coming weeks amid fallout over the administration’s handling of the Jeffrey Epstein case, according to two people granted anonymity to share scheduling information not yet public.

FBI director Kash Patel is set to give testimony Sept. 17, with attorney general Pam Bondi on tap to appear Oct. 9. Both have been invited as part of the Judiciary Committee’s general oversight work, and each will have an opportunity to outline some of the pieces of a crime bill President Donald Trump wants Hill Republicans to produce in the coming months.

But the hearings will likely focus most heavily on how the DOJ has maneuvered around the release of files related to the late, convicted sex offender.

Senior Republicans have continued over the August recess to press the Trump administration to unseal more Epstein documents after a mutiny over their release caused chaos in the GOP-controlled House, running the chamber aground before lawmakers left town early in late July.

DOJ started transmitting some of the so-called Epstein files last week in compliance with a subpoena from the House Oversight and Government Reform Committee. And Alex Acosta, President Donald Trump’s former labor secretary who singed off on Epstein’s previous plea deal as a then-U.S. attorney in Florida, will separately sit for a transcribed interview with the Oversight panel Sept. 19.

However, lawmakers otherwise have so far received scant new information during the month-long district work period, with members of both parties promising to continue to press the issue when the House is set to return to session next week.

Bondi has, in particular, been the subject of Republican consternation over allegedly withholding documents she at one point promised to reveal.

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Mark Teixeira, former MLB All Star, kicks off Texas House campaign

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Baseball star Mark Teixeira launched a campaign to fill an open Texas House seat Thursday, the latest celebrity athlete to dive into politics.

Teixeira is running as a Republican in a safe red seat being vacated by GOP Rep. Chip Roy. And he’s already appealing to President Donald Trump in search of a home run on the campaign trail.

“As a lifelong conservative who loves this country, I’m running for Congress to fight for the principles that make Texas and America great,” he wrote in a post on X. “It takes teamwork to win — I’m ready to help defend President Trump’s America First agenda, Texas families, and individual liberty.”

Teixeira was a superstar on the diamond, going yard 409 times in a career that spanned 14 seasons and saw him play for four big league outfits, including the Texas Rangers and New York Yankees. He last played in the 2016 season.

He reached baseball immortality when the Yankees won the World Series in 2009. He was included on the 2022 Hall of Fame ballot but failed to get enough votes from sportswriters to either get elected to the Hall or return to the ballot in future years.

Should he win the seat, he could be a major boon for Republicans in the Congressional Baseball Game, the annual charity event that pits Democrats against Republicans. The GOP has dominated the game in recent years, a gap that a former major leaguer would likely only widen.

Teixeira is leaning into his baseball bona fides.

“In Congress, he’ll bring the same grit, preparation, and competitive spirit that made him a champion in Major League Baseball to fight for Texas—and win,” reads his campaign website.

Roy, a Freedom Caucus member who has served in the House since 2019, is leaving Congress to run for the Texas attorney general post.

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